Canada Financial News

Wildfires have displaced residents and restricted travel in some areas across Canada this summer just as the country looks to revive tourism business after years of pandemic-related restrictions.

Politicians and environmental leaders from more than 180 countries have been in Vancouver, B.C., this week, with many pledging to accelerate action on climate change and biodiversity loss at the assembly of the Global Environment Facility.

renewable energy, energy storage, telecommunications, defence and healthcare. In June this year, India became a member of the coveted critical minerals club - the Mineral Security Partnership. The announcement was part of a joint statement by prime minister Modi and president Joe Biden during the former's recent US visit.

The major cryptocurrency exchange, Coinbase, has made the formal announcement that it will be expanding its operations into the Canadian market. This monumental step is denoted by the incorporation of Interac payment rails, the partnership with leading banking and payment partners, and the launch of Coinbase One, a 30-day trial that provides customers in Canada with perks that are not available to users in other countries.

By early September, PointsBet shareholders should have a first taste of what Jay-Z-backed money feels like.

Europe will be particularly affected. Heat waves of the kind we are currently experiencing are particularly deadly for the elderly, the sick and the poor, the researchers said. The 2003 heat wave, which saw temperatures in Europe reach 47.5 degrees Celsius, was one of the worst natural disasters of recent decades, claiming an estimated 45,000 to 70,000 victims in the space of a few weeks, they said. The researchers from ETH Zurich in Switzerland found that such heat waves could become the new norm in the coming years. Since 2013, they have been systematically collecting data on daily heat-related excess mortality for 748 cities and communities in 47 countries in Europe, Southeast Asia, Latin America, the US and Canada. The researchers used this dataset to calculate the relationship between the average daily temperature and mortality for all 748 locations. From this, they were able to establish each location's ideal temperature, where excess mortality is at its lowest.

Manchester City in the Premier League encounter, Sheffield United have suffered a transfer shock. They have found to their utter dismay that Cameron Archer is not available to play on Sunday as he has missed the registration deadline. Sheffield manager Paul Heckingbottom has confirmed it. City acquired the star player after paying GBP 18 million to Aston Villa. But Archer has not completed the mandatory medical tests. Sheffield manager Heckingbottom has also been left without left wing-back Max Lowe, who has injured himself and now may require surgery. It means he will not be available for the team for a long period.

Meta is being accused of endangering lives by blocking news links in Canada at a crucial moment, when thousands have fled their homes and are desperate for wildfire updates that once would have been shared widely on Facebook. The situation «is dangerous,» said Kelsey Worth, 35, of one nearly 20,000 residents of Yellowkife and thousands more in small towns ordered to evacuate the Northwest Territories as wildfires advanced. She described to AFP how «insanely difficult» it has been for herself and other evacuees to find verifiable information about the fires blazing across the near-Arctic territory and other parts of Canada. «Nobody's able to know what's true or not,» she said. «And when you're in an emergency situation, time is of the essence,» she said, explaining that many Canadians until now have relied on social media for news. Meta on August 1 started blocking the distribution of news links and articles on its Facebook and Instagram platforms in response to a recent law requiring digital giants to pay publishers for news content. The company has been in a virtual showdown with Ottawa over the bill passed in June but which only takes effect next year. Building on similar legislation introduced in Australia, the bill aims to support a struggling Canadian news sector that has seen a flight of advertising dollars and hundreds of publications closed in the last decade. It requires companies like Meta and Google to make fair commercial deals with Canadian outlets for the news and information — estimated in a report to parliament to be worth Can$330 million (US$250 million) per year — that is shared on their platforms, or face binding arbitration. But Meta has said the bill is flawed and insisted that news outlets share

The director of the British Museum says he's stepping down amid investigations into the theft or disappearance of hundreds of items from its massive collection, including gold jewelry, semi-precious gems and antiquities dating to the 15th century B.C. ...

Canada’s main stock index was down in late-morning trading, while U.S. stock markets were mixed following a speech by U.S. Federal Reserve chair Jerome Powell who said upcoming decisions on interest rates will be based on what the incoming data says about inflation and the economy.

Residents don’t know what they’ll find when they return home after evacuation due to wildfires or other natural disasters. They don’t even know if their homes will still exist.

A Trans Mountain company report reveals new details about what triggered massive cost overruns within its pipeline expansion project, including problems it says were caused by an abandoned landfill site.

wildfire season is devastating evidence of the effects of climate change, scientists say, but for some conspiracy theorists, the thousands of square kilometres of burnt ground isn’t enough to convince them.Instead, space lasers, arsonists and government plots to restrict people’s movement are some of the causes of the fires, according to fringe online circles. But despite being fringe, these theories are widely circulated and boosted by social media algorithms.People turn to conspiracy theories to help them make sense of disasters like the recent wildfires on the Hawaiian island of Maui, in British Columbia or the Northwest Territories, said Eric Kennedy, associate professor at York University’s school of administrative studies.“Some of the conspiracy theories about wildfires create simple villains, or simple evil characters – ‘this is Bill Gates, this is the World Economic Forum, this is a particular evil actor,”’ said Kennedy, who studies decision-making in emergency contexts, particularly wildfires.“Sometimes the simple stories are very appealing.

Canadians soon won’t find Kleenex tissues on store shelves.

Toronto-Dominion Bank, coming off less-than-stellar third-quarter financial results that fell short of analyst expectations, said it is facing a probe over anti-money-laundering (AML) compliance in the United States.

JSW Steel is looking to pick up a 20 to 40% stake in the metallurgical coal unit of Canada's Teck Resources, Bloomberg News reported on Friday, citing the Indian steel producer's chairman, Sajjan Jindal. India's biggest steel producer intends to bid for 20% to 40% of Elk Valley Resources Ltd., a unit of the Canadian company, Jindal said.

Here’s an issue: you soon won’t be able to find Kleenex tissue in Canada.

Alfred Lord Tennyson’s famous poem, The Charge of the Light Brigade, memorialized the bravery of British soldiers as they attacked Russian forces in the 1854 battle of Balaclava during the Crimean War. “Into the valley of Death rode the six hundred” tolls throughout the poem. Tragically, the soldiers’ courage was betrayed by a careless mistake: they were sent the wrong way. Either the command was poorly communicated, or it was misunderstood by the brigade’s leader. Whichever was the case, the six hundred needn’t have died, if only the right plan had been executed.  

Recent research from the Bank of Canada suggests that corporations did not take advantage of inflation to raise prices more than necessary. The public at large, however, isn’t so sure.

TORONTO — Canadian insurers are grappling with the higher risk of wildfires as this year’s fire season breaks records, and experts say rising premiums are just one way the industry is seeking to adapt to the changing landscape.

This is the fifth instalment of New Roots, a series from Global News that will look at how evolving migration patterns and affordability challenges have changed life in communities across Canada since the COVID-19 pandemic.